Today, we are inventing and manufacturing solutions that replace short-term use plastic. A link has been emailed to you - check your inbox. The definitive proxy statement/final prospectus will contain important information about the proposed business combination and the other matters to be voted upon at the Special Meeting and and may contain information that an investor will consider important in making a decision regarding an investment in Gores Holdings VIIIs securities. Neither Footprints nor Gores Holdings VIIIs independent registered accounting firm has audited, reviewed or compiled, examined or performed any procedures with respect to the preliminary results, nor have they expressed any opinion or any other form of assurance on the preliminary financial information. Partnering with a market leader making a meaningful impact on the health of our planet aligns perfectly with the sustainability component of our investment strategy, and we are thrilled to support the Footprint team as it executes its proven strategy to drive continued growth and innovation.. WebWhat is your Ecological Footprint? When comparing offers or services, verify relevant information with the institution or provider's site. Our plant-based fiber solutions are designed to be digestible by the earth. Our mission is to create a healthier planet and step one is to design, develop and manufacture plant-based fiber solutions as an alternative to single-use plastics, Troy Swope, Footprint co-founder and CEO, said in a press release. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. There may be additional risks that neither Gores Holdings VIII or Footprint presently know or that Gores Holdings VIII or Footprint currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Looking at the performance of similar companies can help you decide if now is a good time to buy Footprint stock. Get this delivered to your inbox, and more info about our products and services. Optional, only if you want us to follow up with you. The proceeds also consist of an oversubscribed private investment of $460m. The company employs more than 2,500 employees, with operations in the U.S., Mexicali, Europe, and Asia. WebLeave a footprint. Moelis & Company LLC is also acting as financial advisor to Gores Holdings VIII. Planning is inherently about vision. Finder.com is an independent comparison platform and The barge was supposed to unload its undesirable cargo into a landfill in North Carolina, but that proved harder than expected. Have a story idea or tip? Additional information regarding the names and interests of such participants will be contained in the Registration Statement for the proposed business combination when available. WebFootprint is a materials science company founded to create a healthier planet. 45 on this year's CNBC Disruptor 50 list, at $1.6 billion following the SPAC merger's completion. Bloomberg Surveillance: Early Edition with Anna Edwards, Matt Miller & Kailey Leinz live from London, Berlin and New York, bringing insight on global markets and the top business stories of the day. With Footprint, we have been impressed by the companys innovative culture and strong traction with customers based on their unique plant-based solutions produced at compelling economics. Strong revenue delivery with Q1 revenue up 133% from prior year, in addition to strong revenue against 2022 plan. After the deal closes in the first half of 2022, the company based in Gilbert, Arizona will list on the NASDAQ under the FOOT ticker. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Were Alec Gores' Gores Group is also in the process of taking Volvo's electric vehicle unit Polestar public. Phoenix Suns, Mercury rename arena Footprint Center, Gilbert recycling company Footprint wins challenge to reinvent cups, East Valley company aims to replace plastic straws with paper products, Silver Alert issued for 80-year-old man with medical condition last seen in Queen Creek, 2nd teenage suspect arrested in fatal Phoenix drive-by shooting, Mesa police seeking 27-year-old woman wanted in murder case, Arizona Gov. Founded in 1987, The Gores Group is a global investment firm focused on partnering with differentiated businesses that can benefit from the firms extensive industry knowledge and decades long experience. Footprints team of engineers use plant-based fiber technology to design, develop and manufacture biodegradable, compostable, and recyclable products that compete with plastics cost, and exceed its performance. Materials science company Footprint Inc has agreed to go public through a merger with a blank-check firm led by billionaire Alec Gores, in a deal that values the The call can be accessed by dialing +1 (833) 470-1428 (domestic toll-free number) or +1 (404) 975-4839 (international) and providing the conference ID 917431. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. Looking to invest in tech? Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. This Press Release contains financial forecasts with respect to Footprints projected financial results, including revenue. The footprint is expected to begin trading on the Nasdaq in the first half of 2022 under the ticker symbol FOOT, Your email address will not be published. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. A replay of the call can be accessed by dialing +1 (855) 213-8235 (domestic toll-free number) or +1 (571) 982-7683 (international) and providing the conference ID 264059#. Hobbs wants to get rid of Border Strike Force, reroute funding, Cochise County votes to gives Republican recorder election duties through 2024, Police search for armed man after reports of shots fired near Queen Creek neighborhood, Valley Boys & Girls Club uses esports to help kids make healthy choices, Sports gambling can be fun for adults, but its a dangerous game for children, Why DISC is world renowned for back and neck pain treatments. We're changing the world. Every scan unlocks a $0.02 $10.00 donation, which is funded by product sales and corporate partnerships. While also working with the sports team to eliminate single-use plastic and test new technologies at their facility. We may be paid a fee for referring prospective clients to a partner, though it is not a recommendation to invest in any one partner. 333-252483) declared effective by the U.S. Securities and Exchange Commission (the SEC) on February 24, 2021. Creating consensus around the big picture takes a lot of people, with a lot of ideas, working together. Here's what we know about the IPO and how to buy Footprint stock when it's available. The materials science business, which specializes in sustainable food packaging made from plant-based fibers, expects to be listed on NASDAQ as FOOT when the deal is finalized. Footprints products have already led to a global redirection of 61 million pounds of plastic waste from entering the air, earth, and water working with leading global consumer brands. It has raised billions of dollars through multiple blank-check vehicles so far. The deal is expected to value Footprint at $1.6 billion following the SPAC merger's completion. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed business combination may be obtained by reading the Registration Statement regarding the proposed business combination when it becomes available. The footprint was founded in 2014 as a material science company using plant-based fiber technology. Why? You should only be asked to sign in once. It takes champions throughout the ecosystem to eliminate single-use plastic. NoiseFit Halo launched in India for Rs.3999? The definitive proxy statement/final prospectus will be mailed to stockholders of Gores Holdings VIII as of a record date to be established for voting on the business combination. Deutsche Bank Securities Inc. is acting as lead financial advisor and lead capital markets advisor to Gores Holdings VIII and as a joint placement agent on the PIPE investment. Footprints products have already led to a global Trade stocks and ETFs commission-free, plus gain access to alternative investments like art, NFTs and more. Joby Aviation, an electric aviation startup, is going public via a reverse merger with a SPAC. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. October 9, 2018. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. That not only reduces unnecessary waste from entering the environment, but it also reduces exposure to toxic chemicals found in plastic. Certain statements in this press release (Press Release) may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 and within the meaning of the federal securities laws with respect to the proposed business combination between the Gores Holdings VIII and Footprint, including statements regarding the benefits of the proposed business combination, the anticipated timing of the proposed business combination, the likelihood and ability of the parties to successfully consummate the proposed business combination and the PIPE investment, the amount of funds available in the trust account as a result of shareholder redemptions or otherwise, the services offered by Footprint and the markets in which Footprint operates, business strategies, debt levels, industry environment, potential growth opportunities, the effects of regulations and Gores Holdings VIIIs or Footprints projected future results. Gores Holdings VIII, Inc. completed its initial public offering in March 2021, raising approximately $345 million in cash proceeds for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Increasing consumer and corporate demand for sustainable alternatives to plastic have created a tremendous, growing market opportunity that is expected to continue to fuel Footprints rapid growth and customer traction, Gores Holdings VIII chair Alec Gores said. WebWhat is UrbanFootprint? You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in Gores Holdings VIIIs definitive proxy statement contained in the Registration Statement (as defined below), including those under Risk Factors therein, and other documents filed by Gores Holdings VIII from time to time with the SEC. The major market events for the week ahead right in your inbox. The PIPE investment, which was oversubscribed, and Class C Preferred Financing are anchored by Koch Strategic Platforms and include a meaningful commitment from Gores Holdings VIII Sponsor and affiliates. Inclusion of the prospective financial information in this Press Release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. Footprints solutions are capitalizing on a growing $315 billion annual market opportunity that is converting to environmentally friendly solutions as quickly as possible, the companies said. Founded in 2014 by two formerIntelengineers, Footprintdevelops and manufactures alternative solutions to single- and short-term-use plastic. Footprints independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Press Release, and accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this Press Release. Users can make planning decisions based upon possible outcomes and identify future patterns of development for their community. Goldman Sachs & Co. LLC is serving as lead financial advisor to Footprint. Additional Information about the Proposed Transaction and Where to Find It. There was an explosion in SPAC deals earlier this year, but there are indications the space iscooling down. Footprint International Holdco Inc., a maker of coating technologies that allow plant-based materials to compete with traditional plastic-based materials. What you need to know about investing in the leading indicator for the overall US stock market. Actual results may differ as a result of the completion of the Footprints financial reporting period closing procedures, review adjustments and other developments that may arise between now and the time such financial information for the period is finalized. Best JBL Earbuds Under Rs.4000? A new federal rule is expected to standardize climate disclosures, putting the U.S. on closer footing with other countries. A range of premier consumer brands, representing the largest and most significant food, beverage and consumer products companies globally and primarily Fortune 100 companies, have chosen Footprint as their innovation partner. Expected to standardize climate disclosures, putting the U.S. on closer footing with countries. Time to buy Footprint stock when it 's available Europe, and market Data Analysis..., 2021 events for the proposed Transaction and Where to Find it plastic. A link has been emailed to you - check your inbox Alec Gores ' Gores Group is also acting financial... 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